Shares of Teekay Tankers (NYSE:TNK) moved higher by 2.7% in pre-market trading after the company reported Q1 results.
Earnings per share were up 6440.00% year over year to $3.27, which beat the estimate of $2.66.
Revenue of $222,659,000 higher by 64.73% year over year, which missed the estimate of $276,250,000.
Teekay Tankers hasn't issued any earnings guidance for the time being.
Teekay Tankers hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: May 21, 2020
Time: 12:00 PM
52-week high: $26.92
52-week low: $0.96
Price action over last quarter: down 0.36%
Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. Its business is to own oil tankers and it employs a chartering strategy that seeks to capture upside opportunities in the tanker spot market while using fixed-rate time charters to reduce downside risks. The company has two segments tanker and ship-to-ship transfer. Its tanker segment consists of the operation of all of its tankers and generates the majority of the company's revenue.